The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Wayne Lam - RBC Capital Markets - Analyst
: Yeah. Thanks guys. Just wondering, just on the impairment charge taken this quarter. This is the second impairment taken now in relation to Fekola
over the past year for almost the same amount. Outside of the increase in the discount rate, can you just talk about some of the factors involved
in taking those two impairments in succession and the additional concessions being made in the negotiations? And then, just with the implementation
decree having been finalized now, are you guys pretty confident that a deal is (inaudible) are you able to provide a more definitive timeline now
for completion?
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AUGUST 09, 2024 / 3:00PM, BTO.TO - Q2 2024 B2Gold Corp Earnings Call
Question: Wayne Lam - RBC Capital Markets - Analyst
: Okay, got it. Fair enough. And then maybe just wondering on the updated ASIC guidance at Fekola, does that include stripping planned for the
regional ounces next year, or is that going to fall under non-sustaining CapEx?
And then, do you still anticipate costs coming down next year, as per the 2024 mine plan? Or should we be thinking about something in the similar
range to this year, given the amount of capitalized stripping, and underground development need to be done?
Question: Wayne Lam - RBC Capital Markets - Analyst
: Okay, got it. And then, maybe at Back River. Can you just talk about what the remaining large CapEx items are outstanding that's been driving the
delay in the review? And is it still the case that most of the large capital items have already been spent and most of the increase with the update
is going to be driven by labor and logistics? Or there still equipment items that need to be replaced in relation to Bill's comment on sorting through
some of the historic Sabina stuff?
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AUGUST 09, 2024 / 3:00PM, BTO.TO - Q2 2024 B2Gold Corp Earnings Call
Question: Wayne Lam - RBC Capital Markets - Analyst
: Okay. Got it. Looking forward to the update. Thanks for answering my questions.
Question: Don DeMarco - National Bank Financial Inc - Analyst
: Thank you, operator, and good morning, Clive and team. First question, Bill, can you give a little more color on the guidance increase rather the
2025 outlook? Of the 90,000 that's added, how much is from Fekola deferrals from `24, the truck regional ore and also or the Fekola Underground,
those three different buckets? How did that move the needle on 2025?
Question: Don DeMarco - National Bank Financial Inc - Analyst
: Okay. I see. So you're just kind of replacing with higher grades, but what you have for Fekola Regional or for Fekola underground, as Bill mentioned,
starting in Q2 that just remains unchanged?
Question: Don DeMarco - National Bank Financial Inc - Analyst
: Okay, perfect. And there was no regional trucked ore in 2024 guidance. Is that correct?
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AUGUST 09, 2024 / 3:00PM, BTO.TO - Q2 2024 B2Gold Corp Earnings Call
Question: Don DeMarco - National Bank Financial Inc - Analyst
: Thank you. Then just to this equipment availability issue, it's good to hear this being addressed. But when do you expect it to fully be addressed?
And is there any risk to that timeline? We saw Fekola cost actually improve in Q2. So I guess the read through here is it's probably going to take a
few weeks to get addressed, maybe we're going to see higher costs at Fekola in Q3. Is that fair to say?
Question: Don DeMarco - National Bank Financial Inc - Analyst
: Okay. Great. That's all for me. Thanks for taking my questions. Good luck with Q3.
Question: Francisco Costanzo - Scotiabank Global Banking and Markets - Analyst
: Hi, Clive and team. Thanks for taking my question. Just asking here on behalf of Ovais Habib. I think most of the pertinent questions have already
been asked and answered, but if I could just ask one for Mike. Given the challenges in Mali leading to the lower guide, can you speak to the integrity
of the dividend, given the review of the budget and maybe speak to the liquidity as well, how you plan to fund project and the cadence of the
boring on the liquidity and stuff like that? Thanks.
Question: Francisco Costanzo - Scotiabank Global Banking and Markets - Analyst
: Okay. I think that's helpful. That's all for me.
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